Nelnet Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 2000
Net Income	91.53	407.35	393.29	352.44	141.8	227.91	173.17	256.75	267.98	307.61	Upgrade
Depreciation & Amortization	150.27	181.95	139.5	210.07	201.46	184.68	137.82	122.55	123.74	107.97	Upgrade
Share-Based Compensation	16.48	14.18	10.67	16.74	6.78	6.54	4.42	4.35	5.35	4.7	Upgrade
Other Operating Activities	174.69	80.59	-63.13	-230.15	-51.12	-148.24	6.86	-83.46	-5.7	-62.83	Upgrade
Operating Cash Flow	432.98	684.06	480.33	349.1	298.92	270.89	322.27	300.19	391.37	357.45	Upgrade
Operating Cash Flow Growth	-36.71%	42.41%	37.59%	16.79%	10.34%	-15.94%	7.36%	-23.30%	9.49%	-7.68%	Upgrade
Capital Expenditures	-74.05	-59.42	-58.95	-113.31	-92.5	-125.02	-156.01	-67.6	-16.76	-26.49	Upgrade
Acquisitions	-467.55	-42.35	-22.68	-177.53	-101.54	-87.26	4.51	-29.63	-46.97	-46.83	Upgrade
Change in Investments	2,480	2,374	1,268	912.06	1,719	-520.07	3,101	3,505	1,414	14.95	Upgrade
Other Investing Activities	-	-	-	-	-	-	-	-	67.11	-51.14	Upgrade
Investing Cash Flow	1,938	2,272	1,186	621.22	1,525	-732.35	2,950	3,408	1,417	-109.51	Upgrade
Dividends Paid	-39.42	-36.61	-34.46	-31.78	-29.49	-26.84	-24.1	-21.19	-19.03	-18.54	Upgrade
Share Issuance / Repurchase	-26.25	-96.05	-56.65	-71.71	-38.86	-43.97	-68.22	-68.2	-95.37	-15.06	Upgrade
Debt Issued / Paid	-2,850.72	-3,041.41	-1,743.3	-1,253.47	-1,729.34	795.65	-3,425.16	-3,489.83	-1,764.75	-145.36	Upgrade
Other Financing Activities	213.19	381.57	404.06	122.43	4.42	-13.06	16.98	0.67	3.46	-1.77	Upgrade
Financing Cash Flow	-2,703.2	-2,792.5	-1,430.35	-1,234.53	-1,793.27	711.78	-3,500.5	-3,578.55	-1,875.68	-180.73	Upgrade
Exchange Rate Effect	0.02	-0.16	-0.12	0	0	0	0	0	0	0	Upgrade
Net Cash Flow	-332.13	163.43	235.79	-264.21	30.21	250.33	-228.25	129.39	-66.95	67.21	Upgrade
Free Cash Flow	358.92	624.64	421.38	235.79	206.42	145.87	166.26	232.59	374.6	330.96	Upgrade
Free Cash Flow Growth	-42.54%	48.24%	78.71%	14.23%	41.51%	-12.27%	-28.52%	-37.91%	13.19%	-10.59%	Upgrade
Free Cash Flow Margin	31.09%	41.30%	31.51%	17.64%	19.82%	13.86%	21.60%	26.33%	42.10%	35.89%	Upgrade
Free Cash Flow Per Share	9.59	16.61	10.92	6.04	5.15	3.57	3.98	5.45	8.23	7.12	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).